Euclid Terraces

Format
Full

City
Oak Park

State/Province
IL

Country
USA

Metro Area
Chicago

Project Type
Mixed Residential

Location Type
Inner Suburban

Land Uses
Multifamily For-Sale Housing
Multifamily Rental Housing
Restaurant
Retail
Single-Family For-Sale Housing
Single-Family Rental Housing
Structured Parking

Keywords
Brownfield
Infill development
Public-private partnership
Townhouses
Transit-oriented development

Site Size
3.2 acres
acres hectares

Date Started
2001

Date Opened
2004

Euclid Terraces is a 3.2-acre (1.3-ha) mixed-use project located in Oak Park, Illinois, a western suburb of Chicago. The project, codeveloped by Focus Development and the Taxman Corporation, comprises 93 residential units–59 condominiums and 34 townhomes–7,091 square feet (659 sq m) of ground-floor retail space, and a 522-space structured parking garage. Spurred by a strong public/private partnership, the $28.5 million development benefited from a rapid absorption rate: 98 percent of the for-sale units were sold before construction began and 100 percent of the apartments and retail space was leased shortly after completion.

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Date Completed:
Case Study/Profile Type: DCS
Website:
World Region: North America
Developer(s): Focus Development Inc, Taxman Corporation
Website (Dev.): http://www.focusdevelopment.com
Designer(s): Antunovich Associates
Website (Des.): http://www.antunovich.com